Shares of Coca-Cola Co. KO, -0.35% slumped 0.35% to $56.44 Monday, on what proved to be an all-around positive trading session for the stock market, with the S&P 500 Index SPX, +0.85% rising 0.85% to 4,479.53 and the Dow Jones Industrial Average DJIA, +0.61% rising 0.61% to 35,335.71. This was the stock’s second consecutive day of losses. Coca-Cola Co. closed $1.12 below its 52-week high ($57.56), which the company achieved on July 21st.
The stock underperformed when compared to some of its competitors Monday, as Nestle S.A. ADR NSRGY, -0.15% fell 0.15% to $127.01, PepsiCo Inc. PEP, -0.32% fell 0.32% to $157.85, and Danone S.A. ADR DANOY, +0.27% rose 0.27% to $14.90. Trading volume (8.8 M) remained 3.7 million below its 50-day average volume of 12.5 M.